Consumers need to read about:

• Homeowners insurance. In some areas of the country that have been hit by major storms, the cost of property insurance is cost prohibitive. Flood insurance is often not available for investment properties and buyers who expect to rent their vacation home must exercise caution and consider price and availability.
• New financing guidelines. The credit climate is placing greater emphasis on fully documented loans, better credit scores, and higher down payments.
• Non-homestead property tax issues. Analyze and present issues that an out-of-area buyer may consider before making a purchase decision.
• Restrictions on short-term rentals. Many municipalities are placing limitations and bans on short-term rentals. Maui and Santa Fe are two recent examples finding investor owners at odds with local governing authorities on the matter of rental properties.
• HOA restrictions. Ask questions about matters before local Homeowner Associations and take a pulse of the market.
• Properties on government protected land
• All aspects of owning and renting vacation homes!